Prime Day sentiments drive Amazon stock prices today

12Jul 2016

114

AMZN– Amazon.com, Inc. is a global e-retailer.

AMZN – Amazon.com, Inc

Fundamentals

Previously closed at

753.78

Day’s high

757.34

Day’s low

750.51

P/E ratio

309.99

EPS

2.43

Analysts opinion

Today is Amazon’s Prime Day – a shopping event which allows amazon’s Prime members to shop at Amazon with deep discounts. According to analyst estimates, last year’s Prime day drove about $375 Million worth Sales, and this year it is expected to be around $800 Million. Analyst confidence meter, a proprietary algorithm of Stockal gives 84% buy based on analyst ratings.

Sentiments

The stock is flat today in early trading, since a few Prime customers reported difficulties in checking out, and Amazon tweeted that it is working on resolving the issue. The sentiment index is 50% positive according to Stockal proprietary algorithm.

Social Media Pulse

The stock has 98% higher social media chatter than usual.

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